Why not just buy the property with a traditional DSCR loan and avoid the complication?

I will say, I often see folks create more complicated checkbook IRA LLC structures when they don't need them.

I appreciate your insight on this as, like you said, this is a little bit of a complicated situation.

I mean really buying rentals is not overly complicated.. 

I appreciate the feed back from everyone, as financing can get a bit tricky, not to mention complicated sometimes trying to look at all the different ways to calculate how financing can or cannot me more beneficial than your current situation.  

Megan Luckily the math part isnt too high level just addition, subtraction, some mulitplication and division but we as a community can all help you through it.Leave the complicated math for the wall street quantative analysts and derivative traders.

They are often too complicated for tenants to figure out, they have too many ways to fail, and they are often easier to circumvent than a standard key lock.I use Schlage electronic door locks with a simple numeric keypad.

Should the debtor be unwilling or unable to pay within the described time allotted, the note holder can foreclosure.Depending on state law foreclosure can be judicial or non judicial.  

At first this sounds like a good thing because its a cheaper entry level but the more you own the more complicated life can get.

If you have a small number of rentals I would not over complicate things by paying a bunch of fees for an App if you don’t have to.